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Brazil's oil production is expected to reach 3.5 million barrels per day by the end of 2022, compared to 3.3 million bpd in early 2020, Goldman Sachs analysts projected in a report on Sunday, which already considers effects recent review of the Petrobras project portfolio. "In general, we are raising our production expectations for the... Continue Reading →
(Reuters) - Golar Power said on Friday that it rejects the process that culminated in its disqualification by Petrobras of a bid to lease a regasification terminal for the state-owned company in Bahia, and stressed that it will file an appeal to return participate in the dispute. If this is not enough, the company also... Continue Reading →
Petrobras readies new hires involving the next Petrobras platforms for the Brazilian pre-salt. In particular, the contracts related to the three future units that will be installed in the Búzios field (P-78, P-79 and FPSO Almirante Tamandaré), in the Santos Basin. In the next six months, the state company plans to launch tenders for the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/14/2019, informs that the Federal Supreme Court judged, by majority of votes, dismissing the direct action of unconstitutionality (ADI 5942/DF) that questioned the Decree 9,355/2018, edited to regulate the special procedure for assignment of rights to exploration, development and production of oil, natural... Continue Reading →
Pre-salt production in August set a record for the second consecutive month, both in oil and natural gas production. In total, 2,776 MMboe / d (million barrels of oil equivalent per day) were produced, with 2,201 MMbbl / d (million barrels per day) of oil and 91.398 MMm3 / d (million m3 per day) of... Continue Reading →
Letícia Andrade takes over the interim presidency of Equinor Brasil, accumulating with her position of vice president of Strategy and Portfolio, and replacing Margareth Øvrum, who will represent Brazil in the Equinor executive committee until December 31 , when she will retire. Margareth Øvrum replaced Anders Opedal in 2018 in charge of the company in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the notice published on December 18, 2018, hereby announces that, after adjustments made to the regulations of the Petros 3 Plan (PP3), its Board of Directors resolved to submit the new plan proposal for analysis of the Secretariat for Coordination and Governance of State-Owned Companies (SEST) and the National... Continue Reading →
Equinor canceled on Wednesday the tender for chartering a 3,000 m water depth drill rig for the Bacalhau development wells campaign in the Santos Basin surprises market. The oil company had already received the bidding proposals and, according to PetróleoHoje sources, had exclusive and advanced negotiations with Seadrill. Source: PetroleoHoje
Margareth Øvrum, Executive Vice President of Equinor's Development and Production Brazil business, has joined the oilfield services firm TechnipFMC's Board of Directors, effective October 1, 2020. Øvrum, 62, has over 38 years of experience at the Norwegian energy giant, currently serving as Executive Vice President of Equinor, Development and Production Brazil. She will retire from... Continue Reading →
Norwegian oil and gas firm Equinor plans to cut its exploration staff by about 30% globally by 2023 to reduce costs as the COVID-19 pandemic reduces demand for petroleum, the company said on Friday. Equinor said it wanted to focus on selected areas when searching for new oil and gas resources, including Norway, Brazil, and... Continue Reading →
Brazil Energy Insight 